• Al-Mashat discusses with Saudi counterpart the strengthening of bilateral cooperation in planning and economic development affairs, mechanisms for stimulating South-South cooperation, and triangular cooperation.
• Al-Mashat: Integration between emerging economies within the G20 offers constructive solutions to development challenges.
• The two ministers discuss the most important topics on the agenda of the G20 Development Ministerial Meeting and the most prominent development issues on the international scene.
H.E. Dr. Rania A. Al-Mashat, Minister of Planning, Economic Development and International Cooperation, met with H.E. Faisal F. Alibrahim, Saudi Minister of Economy and Planning, during her participation in the G20 Development Ministerial Meeting in Rio de Janeiro, Brazil.
The meeting witnessed a discussion of ways to enhance joint relations between both countries, within the framework of long-standing strong and historical relations. The two ministers also discussed the most important topics on the agenda of the G20 Ministerial Meetings and the most prominent development issues on the international scene.
During the meeting, they discussed the topics raised in international forums at the level of various development issues, especially in light of the intertwined and complex challenges facing the global economy at this time, as well as joint coordination with Saudi Arabia as a member of the G20, which discusses many pivotal topics during the presidency. The G20 Brazil goal is to reduce inequalities, combat poverty, and support triangular cooperation. In this regard, Al-Mashat stressed that enhancing integration between emerging economies, members of the G20, can offer constructive and effective solutions to the pressing issues facing the global economy.
Moreover, Al-Mashat discussed strengthening bilateral cooperation with Saudi Arabia at the level of joint efforts to implement the SDGs at the national level, and confront the challenges that curb progress. They also discussed mechanisms for enhancing South-South cooperation and triangular cooperation, as this is one of the key ways to unlock the potential of the countries of the south and developing countries; thus putting forward innovative solutions and sharing knowledge and expertise.
Al-Mashat also referred to the efforts made by the Ministry to launch the South-South and Triangular Cooperation Strategy during the current year, within the activities of the first forum of the New Development Bank (NDB) in Egypt, which aims to expand the replication of successful development experiences between developing and emerging countries and push efforts to exchange experiences and technology among developing countries.
The Ministry had issued a report titled “International Partnerships to Advance South-South and Triangular Cooperation,” which documents and monitors the development of the actions taken by the Ministry over the past years to maximize the benefit of partnerships with development partners in activating South-South and triangular cooperation, and the pillars of disseminating expertise and development work implemented with international partners to be replicated in other countries on the African continent and the countries of the Global South. This contributes to global efforts aimed at bridging the technological, knowledge and financing gap in other developing countries.